G20 Leaders Summit adopts New Delhi Declaration

The G20 has adopted the New Delhi Leaders Summit Declaration, Prime Minister Narendra Modi announced on Saturday and said consensus had been reached among member states. "Have just got the good news that due to the hard work of our teams and your cooperation, a consensus has been reached on New Delhi G20 Leaders Summit Declaration," Modi said while addressing the second session of the Summit at the Bharat Mandapam."It is my proposal that this G20 declaration be adopted," the prime minister said. After the approval of the members, Modi declared that it has been adopted. "On this occasion I would like to thank our ministers, sherpas and all officials who made this possible with their hard work," he said. 

According to Amitabh Kant,Indian Sherpa, with 83 paras and absolutely no dissent,no footnotes,no chair summaries-the NewDelhi Leaders Declaration symbolises unparalleled global consensus.Steered by the vision of PM Narendra Modi.G20 Bharat Presidency has delivered phenomenal action on high ambitions for the world,he said. Hammering out a consensus on the "geopolitical paras" - a reference to the wording of the Ukraine crisis which had been a major sticking point - demonstrated Prime Minister Modi's leadership in today's world", Kant added. Finance Minister Nirmala Sitharaman says, "Fourth, endorsement for the G 20 roadmap for implementation of the recommendations of an independent panel on capital adequacy framework of the MDBs. 

#WATCH | G 20 in India | Delhi: Mentioning the key achievements of the Indian Presidency in the finance track on Multilateral Development Banks (MDB), Finance Minister Nirmala Sitharaman says, "The second, is the G 20 independent expert group on strengthening MDBs and this was… pic.twitter.com/1YOOXKRZly

— ANI (@ANI) September 9, 2023

The G20 has contributed to making "India world-ready and the world India-ready", External Affairs Minister S Jaishankar said on Saturday as he underlined that India's presidency of the grouping prioritised addressing urgent concerns of the Global South.Addressing a press briefing on the G20 Summit outcomes, he also said that while noting that G20 is not the platform to resolve geopolitical and security issues, the leaders recognised that they can have significant consequences for the global economy. "In particular they dwelt on the ongoing war in Ukraine and the impact it has had especially on developing and least developing nations still recovering from the pandemic and economic disruption," Jaishankar said.